LONG on 1) Failure to break Double Bottom 2) Raising RSI 3) Dvg.

FX:GBPJPY   British Pound/Japanese Yen
184 2 0
That was a loud morning (close to EUR's session). ~100DOWN/~100UP/~100DOWN thereabouts. TP on the last SHORT idea due to the failure to break beyond double bottom .

Going LONG, but being cautious of the turmoil in Ukraine:

1) Rising trend in RSI (Bulls are putting up a defense)
2) CCI weak LONG signal (after all the ping pong-ing) & Weak RSI LONG signal
3) MACD Divergence (Raising MACD & Flat Pricing Lows) - I rarely use divergenc - I mostly use MACD crosses to confirm CCI signals
4) Danske went LONG at 169.9 (supposedly, according to their updated public disclosure last night, need to wait until tonight to see if they actually did)

Needs to break all the converging MAs to confirm HOLDING LONG, and will TAKE PROFIT if it doesn't seem like it will.

Tight STOP with Ukraine Issues.
Ciba PRO
2 years ago
Be careful of the Nikkei open.
Ciba PRO
2 years ago
Sorry to those who know the Nikkei is not a market...
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